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The City Council of the City of Elk River hereby ordains as follows: <br />Section 1. Purpose. The Elk River City Council has determined that is in the best interest of the <br />City to impose a franchise fee on those utility companies that provide natural gas and electric <br />services within the City. Pursuant to Minnesota Statutes, Section 21613.36 and Section 6.1 of the <br />Franchise Ordinance, the City has the authority and right to impose a franchise fee on Company. <br />The purpose of this ordinance is to establish such franchise fees to be paid to the City by the <br />Company. The franchise fees will be used to partially fund the Cities cost to maintain the city street <br />system. <br />Section 2. Definitions. <br />For the purposes of this Ordinance, the following capitalized terms shall have the following <br />meanings: <br />2.1 City. The City of Elk River, County of Sherburne, State of Minnesota. <br />2.2 Company. CenterPoint Energy Minnegasco ( "CenterPoint Energy "), its successors and <br />assigns. <br />2.3 Franchise Ordinance. The franchise ordinance adopted by the City on February 24, 2003, <br />City Ordinance No. 03 -005 <br />2.4 Notice. "Notice" means a writing served by any party or parties on any other party or <br />parties. Notice to Company shall be mailed to CenterPoint Energy, Minnesota Division, <br />Vice President, 800 LaSalle Avenue, Minneapolis, MN 55402. Notice to City shall be mailed <br />to the City Administrator, City of Elk River, 1306.5 Orono Park \vay, Elk River, MN 55330. <br />Section 3. Gas Franchise Fee. <br />3.1 Franchise Fee Statement and Schedule. A franchise fee is hereby imposed on Company <br />commencing with the July 2013 billing month, and in accordance with the following fee schedule: <br />Customer Classification Amount per Account per Month (i <br />Residential $$4.00 <br />Commercial /Industrial, Small Volume A 54.00 <br />